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Africa a paradigm shift.
AFRICAN INITIATIVE EMPOWERMENT PROJECT
By WF Concessions Nigeria Limited

There were reasons why organizations such as PARIS CLUB, CREDIT UNIONS, TRILATERAL COMMISSIONS, OPEC, AIIB (Asian Infrastructural Investment Bank) etc. were formed – common interest. Africa must think out of the box, and devise a medium of holding common interest together. This information is not new but hopefully we will do something about it this time. Africa’s many years of economic deprivation, stagnation, contraction, and acute poverty, corruption, abuse as well as disease, war and other scourges have taken a huge toll on the Continent and enough reasons to form an economic union. As it is, AFRICAN UNION (AU) is so political and does not address the economic collaborations and needs of African states. Africa has neglected herself for so long and generation after generation continued to embark on this self-destructive economic journey. When will it end? One may ask, well, it seems the ravages of poor economic planning, wars, and ineffective political systems as well as greed and undue foreign influences show no end in sight. There must be change, true and sustainable change in Africa. Africa must think about a whole new world. A new way of doing things, an era of societal evolution – a change that can change lives.

There must be new economic strategies, proactive and sustainable. The crust of the matter must be collaborative efforts amongst African nations or member nations to urgently build new capabilities and methodologies for ensuring lasting developments in the continent. It is now the African Governments prerogative to establish and follow through with meaningful reforms and ideas that will ensure proper and sustainable developmental processes. Africa must get it right and put her house in order. In the ground scheme of everythings, somethings had to give way. Profligacy, wastefulness and interruptions in a truly elected government must be eradicated if the desired ambitious reforms should be reckoned with. Africa is so tired of running crippled systems that just benefit the few?

WF is very elaborate and vocal in its intention to call countries in Africa to collaborate and fine common grounds in dealings with one another. The introduction of equitable economic market operations amongst African states will allow for social and economic +integration, economic growth and sustainable developments. This means empowering Africans to do and achieve extra ordinary things with their talents and resources. This is a win-win for Africans and it is their final frontier.

There has been a widespread and rapid opening of the African’s economy to the world. This makes it impossible for indigenous companies to competition favorably because foreign companies flood African markets with cheap and substandard products. The NEW WORLD ORDER as we may or may not know it and the economic liberalization efforts according to World Bank’s Bretton woods institutions and their International Monetary Fund seek improvement to developing economies. But experts agree that the opening of the continent’s economies at this time is ill-timed. This is because the continent is not yet ready for global economic show down. Whatever the reasons are, the blame game is now over, and Africans must rise up to their responsibilities and show the world that Africa is capable of ruling, controlling and taking care of her people and resources. Africa must be prepared now to tackle the issues that have kept her down for so long. Some countries in Africa gained independence some 50 years ago, and are yet to boast of complete mechanized farming or automated production processes. The ills are numerous including self-induced backwardness and poor economic management. The volatility of capital flows, fragile commodity prices, diseases, money laundering, corruption, conflicts, and human displacements as we are currently witnessing in Nigeria today, South Sudan etc. are no longer going to be an excuse for failure. No, it is unacceptable.

It also would not be necessary to continue to blame globalization for holding Africa back. But we know that Foreign Direct Investments (FDIs) conspicuously manifest only to resources extraction majorly to benefit developed economies. Their methods it seem work to ensure little or no local input. In the resource extraction business, they employ local labor only to get less of their endowment. In this circumstance, FDI should not be seen or regarded as a domestic economic force- as many people see it rather it acts as a catalyst for capital flight. Experts agree that FDI usually follows rather than lead domestic investments and developments. In fact we have ignored corruption and resource conflicts amongst neighboring communities, villages, towns, states and countries in Africa fueled by foreign interest in the extraction of the continent’s natural resources. Africa is stagnated and would continue to be until Africa rises up to work with each other in a systematic order. This is the paradigm shift and also the final frontier.

Each African country is endowed with so many different natural resources, technical know-how, and developmental economic knowledge. The question then is how come Africans cannot properly harness these resources to achieve some level of economic sufficiency or freedom? The answer shouts loud economic liberalization or strategic policy planning amongst African nations. There should be liberalized trading policies solely based exclusively on comparative advantages and not aids or greed. All the participating African nations in this economic union must agree with each other and the laid down rules, terms and conditions of this trading partnerships agreements. The exchange of ideas and commerce among member nations would encourage them to push for knowledge acquisition, attainment of desired developmental goals and sustainable economic development environment. For regulatory and monitoring efficiency of the African New Trade Agreements (ANTA), the African continent would be distributed into East, West, South and North. This would be the working module and geographical arrangement for proper evaluation. The ANTA policy agreements for commerce, relations and infrastructural developments in Africa must be the same functioning economic model like AFDB, World Bank and IMF but with a difference - sincerity of purpose (African Development and growth). Africans are as hard working and industrious as it gets. African governments must work together to tap into these God given opportunities, and provide the much needed succor and enabling environment to facilitate and promote trade and regional integration. Member country’s priorities in Africa must overlap for the project to make a meaningful progress in achieving industrial revolution in Africa. The world wants to know the African priorities in this changing development environment. Many developing economies of the world have emerged as the global engines of growth, but Africa continued to show the face of poverty and powerlessness. According to World Bank, 73% the world’s poorest people live in middle income countries. And they have Africa as their headquarter - one may hurried conclude. World Bank also proclaimed that among the 77 countries to receive IDA (International Development Association) resources, 39 are in Africa. Africa cannot continue only to produce consumers and markets for foreign exploit. Africa must be part of the changing set and obviate the hurdles that have prevented utilization of her full potential. Africa must encourage competitiveness, trade and sensible tax policies. Recently in Nigeria, we have heard so much about stomach infrastructure, aids and hands-out, but these tend to re**rd and tarnish human dignity, real infrastructural developments, and honest political systems. Africa must do better. Africans are naturally mobile and highly motivated. Governments in Africa must tap into this opportunity and support WF. All Africa needs is to set - up proper policies, agreements and enabling laws amongst African nations to tap into these God given natural phenomena to improve the lots and well-being of our peoples.

This project also seeks to help boost relations and image of African Nations as investment destination and trade partners around the world. This means that Africans will be prepared in terms of proactively forming strategies - tactical or transitional polices geared towards absorbing the shock of sudden trading exposure to new world orders and international competition. Africans are already at a historical disadvantage in many respects, trading imbalances and implicit consumerism as widely presumed. Foreign aids for one, experts agree, do not promote industrialization or infrastructural development rather it is unpredictable and it cannot promote economic development goals. Aids only give soft-landing to the effects of disaster, pseudo intellect and mock political systems. Aids in any form do not encourage rugged individualism and the ability to determine one’s providence. Whether you know it or not, you are consciously or unconsciously living at the donor’s mercy, and you must submit to her own biddings.

Africa has natural resources in abundance and we Africans must put in place with utmost communal sense and the urgency of now the mechanisms, systems and the methodologies of freely trading with one another; demanding from each other what we do not have and supplying what we have with the efficiency of acoustic calibration. In this process, WF said, any trading inadequacies or disparities within the community can be effectively made up or rectified by pledging or seeking developmental economic resources as set by the governing credo of convention. A good example of this is the arrangement where businessmen and women from Niger Republic trade-in their agricultural produce to Nigerians and in return cart away with manufactured goods from Nigeria. This is a good way of encouraging productivity and bilateral relations amongst member nations. These and among other reasons are why some experts say that economic growth based on only resource extraction is only partial without supporting investments in real sectors and true trading collaborations. As a result, we need diversified economy and bilateral relations that would engender the associated economic benefits. The economic system like African’s that is majorly based only on mineral extraction is also found to have contributed to rising inequality, limited employment effects and diminishing poverty reduction initiatives. Africans must import and export skills, cultures and knowledge based programs amongst member nations to intensify developmental efforts, and avert inter and intra-regional clashes. Experts also agree that combinations of these and vulnerability to exogenous shocks have contributed to civil conflicts, and I agree that Africans need to encourage high stable growth environment, strong and sustainable. Transferring knowledge, experiences and technical know-how among member nations will heighten education, pride and infrastructural development in Africa. These are major ways to address the disparity, underdevelopment, poverty and security challenges in the continent.
WF pays particular attention to the benefits, excellence in objectivities, integrity of our mind-sets and system affordability in every developmental agenda. This clarion call promotes the need for pollution control, green growth, successful urbanization and good governance. But all these would only be possible if we come together. This is not hypothesis; it is a common knowledge of which any deprived African can attest to. History and experience in relation to western evolution has shown that Africans consciously or unconsciously contributed immeasurably to western industrialization and infrastructural development. It is time we evolve our own. Everything we do must ensure that Africans rise up from the subjective shackles of wicked and untold history of oppression. Africa’s only social responsibility is her people, their development and a common sense approach to industrial revolution. We cannot achieve these through wealth redistribution as long as income levels are low, ubiquitous quasi political systems, pathetic institutions, heightened low prospects for developments and elevated economic insecurity. Africa must rise, and please listen to WF.

God blessed Africans with all these resources, and all we need is collaborative efforts among member nations to properly harness and channel our resources to a sustainable and profitable schemes. Individually, the nation may lack the self-control, will and motivation needed for acceptable and sustainable developmental programs. Many nations in Africa, one time or the other may have put in place beautiful developmental programs like Structural Adjustment Program (SAP) in Nigeria, but lacking the will to continue due to a change in government or corruption. Unquestionably, many African countries suffer from this maladministration even when the program is badly needed. The change this paper seeks to advocate encompasses continuity in government programs, corruption and the others. Let’s grow together.

Geoffrey Chukwuma Uzoho.